century, beginning of the 14th century, venice is one of the biggest cities in europe, one of the biggest and richest and that's kind of remarkable because if you've ever been there, it's such a crummy place. rd, mosquito bitten, lagoons, very hard to build are the only reason italians ended up babies because they chased them off the good land. so yours is incredibly rich, incredibly powerful state, sending its trade mission to china, controlling creeks, lands along the croatian coast, controlling my inspiring to the italian and land. how did they do it? to the nations of this fabulous right we can still taste today, where the liquor in her to probably the most innovative and economic system at that time. they have a particular form of contract system, which allowed. unusually if you were a person willing to take on risk. even if you didn't have capital, you could share in a deal with the partner who did have capital: a trading nation in the guy who didn't have capital, but he raced his life took a share of the profits. this really was the reason you have this huge market title vicar and